Dubai-based Reef Luxury Developments has officially launched in the UAE with an innovation that’s set to make year-long outdoor living a breeze. All apartments in Reef properties will come with temperature-controlled sunken balconies, an innovation patented by the developer.
The company has acquired a land bank that will bring 5,000 residential units to the emirate, with projects worth around AED5 billion ($1.4 billion) set to launch over the next three months. Moreover, by December 2025, Reef Luxury Developments plans to unveil 30 projects valued at approximately AED14 billion ($3.8 billion).
With over a decade of industry experience collaborating with renowned developers, Reef is set to make a significant impact on the real estate sector. Reef Luxury Developments will focus on launching unique projects in fast growing communities to ensure both an exceptional living experience and high return on investment (ROI) for buyers.
Anticipating future demands
“Aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish Dubai as a global hub for innovation, we have introduced the first-of-its-kind ‘sunken balcony’ technology transitioning the real estate industry globally, said Samer Ambar, CEO, Reef Luxury Developments.
“Our commitment is to create exceptional properties that not only cater to the needs of today’s residents but also anticipate the evolving demands of the future. We are excited to lead the way in shaping vibrant communities that will enrich the quality of life for all,” he added.
Therefore, Reef Developments’ properties will be designed with modern amenities that cater to contemporary lifestyles, featuring plenty of green spaces, smart technology, energy efficient buildings and communal spaces which encourage social interaction.
Moreover, to enhance its capabilities, Reef Luxury Developments has invested over AED40 million in research and development.
The company has confirmed it will launch its first Dubai residential project in the coming days.
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